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  1. 1. Warner Music Group<br />My chosen record label is called Warner Music Group which is the world's only publicly-traded major music company and WMG is a global leader in national and international repertoire and home to some of the best-known labels in the recorded music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros., Warner Music Nashville and Word.  In addition to its U.S. labels, WMG operates through numerous affiliates and licensees in more than 50 countries. It has a growing artist services business, which offers artist management, merchandising, touring, fan clubs, VIP ticketing, sponsorships and brand endorsements, and numerous third-party solutions that facilitate the sale of music-based content directly to consumers. Artist services business works with WMG artists as well as artists not otherwise signed to WMG labels. The records primary music publishing business, Warner Music, is one of the world's leading music publishers, with a catalog of more than one million songs from more than 65,000 songwriters, and includes Non-Stop Music, a full service music production library company. <br /> Warner is the world's third-largest recorded music business and third-largest music publishing business and, during a time of dramatic industry transition, have established ourselves as one of the music industry's most successful companies. <br />
  2. 2. The companies ethos is to comprises an array of businesses aimed at helping artists achieve long-term creative and financial success while providing consumers with the highest-quality music content available<br />Artists that are signed in this record label as are Emmyous Harris, T.I, Enya, Michael Buble, Esttelle and Trey Songz , Seal, Faith Hill and many more diverse artists. <br />The genre of music that they produce are folk. country rock, country blue grass, rock, pop, country, R&B, celtic, alternative hip hop, Soul, Reggea, Jazz and big band.<br />
  3. 3. Warner Bros. Records Inc. is an American record label. It was the foundation label of the present-day Warner Music Group, and now operates as a wholly owned subsidiary of that corporation.<br />The record labels founder is Jack Warner and founded on the date March 19, 1958<br />It has a various genres included. The location is based in Burbank, California, New York. <br />Warner Bros, get its first No.1 hit, Bob Newhart’s Button Down Mind of Bob Newhart<br />The changes that becomes over the year are:<br />1970 – Kinney National becomes Warner Communications and forms Warner Elektra Atlantic, the first major music distribution company in the U.S., marking the origins of the Warner Music Group.<br />1971- NesuhiErtegun forms WEA International , forming the basis WMG’s International<br />On the 1974 the famed graphic designer, Saul Bass created the image that later becomes the WMG corporate logo .<br />
  4. 4. Edgar Bronfman, Jr. <br />Chairman and CEO<br />Warner Music Group<br />Bronfman proceeded to a brief career in entertainment in the 1970s as a film and Broadway producer.<br />Bronfman was the chief architect behind the creation of Vivendi's entertainment division, including Universal Music Group and the Universal Studios film division. While at Universal, he acquired PolyGram, creating the largest and most successful music company in the world, and presided over the revitalization of Universal's film, television and recreation companies.<br />The type of contract he is in is called Unenforceable contract which means that it is valid, but which the court will not enforce. If the parties perform the agreement, it will be valid, but the court will not compel them if they do not.<br />The manager or CEO reports to the Chief Elected Officer (Board Chairman or President) . The variety of professionals that reports to the Chief Executive Officer are the legal Department, Vice President, Manager, Producer, Sales and Distributors<br />
  5. 5. Mark Ansorge <br />Mark Ansorge is Warner Music Group's Executive Vice President of Human Resources and Chief Compliance Officer <br />Prior to joining WMG he practiced law as an associate at Winthrop, Stimson, Putnam & Roberts. Ansorge holds a bachelor of science degree from Cornell University's School of Industrial and Labor Relations and a J.D. from Boston University School of Law. Ansorge joined WMG's legal department as Assistant Counsel in 1992.<br />He is responsible for the company's worldwide employment functions, including compensation and benefits, staffing, organization, employee relations, new employee initiatives and productivity, as well as the company's Compliance and Ethics Program. <br />He has held various positions in the legal department including, between 2007 and 2008, serving as Senior Vice President and Deputy General Counsel.<br />Ansorge reports to the CEO which is Edgar Bronfman.<br />Employee’s such as the manager, A&R, producer, Sales and the distributor reports to Mark Ansorge<br />Mark is on a full- time Contract. <br />
  6. 6. Lachie Rutherford<br />Lachie Rutherford is President of Warner Music Asia Pacific & Chairman of Warner Music Japan. <br />Rutherford left EMI Music, and joined Warner Music on 1st April, 1998 as Senior Vice President, From the 16th of March 1999, Rutherford was named President, From 2003, he was also the head of Warner Music Japan. In 2008, he appointed a CEO & President to run the affiliate whilst retaining his role as its Chairman. He has served as the Chairman of IFPI (International Federation of the Phonographic Industry) Asia Pacific since 2004. He has been Chairman of IFPI Asia Pacific for four years.<br />Warner Music, Rutherford was at EMI Music Group. Representative in 1979 after practicing as a barrister in Australia.   In 1982, he became General Manager, Records Division at EMI New Zealand before transferring to Hong Kong in 1984 as Regional Director of EMI Music Operations in South East Asia.  He was named EMI Regional Managing Director for South East Asia and China in 1994 before becoming President, EMI Music Asia in 1995.Rutherford has been closely associated with the region's top acts over the years and has been directly involved in many Asian artists’. Prior to joining Rutherford has a Bachelor of Arts, and Bachelor of Law degrees from the University of Otago.<br />He has got afull-time Contract which means it’s a permanent contract, He reports to the Vice President, Legal Department and Chief Executive Officer. <br />The Manager, A&R, Producer, Sales and distributor reports to Lachie Rutherford. <br />
  7. 7. Major successes<br />Today Warner Bros. Records remains one of Warner Music Group's dominant labels, with around 120 artists on its roster. In 2006 Warner Music Group signed a licensing and revenue-sharing deal with internet video service YouTube. <br />Having the No. 1 label in the U.S. in 2005 and 2007 (Warner Bros.), and 2008 and 2009 (Atlantic. Delivering the greatest U.S. Total Album market share increase of all major music companies between 2004 and 2010, Growing digital and non-traditional revenue to nearly 40% of total company revenue in Q4 2010, up from essentially zero in 2004; Leading the way in digital deal-making, including supporting new models for monetizing user-generated video content and establishing the most artist-centric online strategy in the industry;   <br />Warner/Chappell being named in 2010 as "Publisher of the Year" at the 58th annual BMI Pop Awards; Consistently showing environmental leadership in the music industry through its WMGreen initiative, including WEA Corp.'s paper procurement practices that the Natural Resources Defense Council called "the most progressive of any music company on Earth"; Being named one of America's "Most Admired Companies" by Fortune Magazine in 2007; <br />Being recognized in 2009 by Fast Company magazine as one of the world's "50 Most Innovative Companies"; and<br />Aggressively building our artist services strategy to include an array of new businesses while increasing the number of expanded rights agreements we have with recording artists, which now includes more than half of our active global recorded music roster. Sustaining their lead in the independent music distribution business with Alternative Distribution Alliance (ADA), which was the No.1 U.S. independent distributor for six consecutive years through 2010, according to Nielsen/SoundScan data;<br />16 Jun 2009Warner Music Group Wins In Four Of Six “Outstanding Achievement” Categories At The 2009 National Association Of Recording Merchandisers (NARM) Convention In San Diego<br />
  8. 8. Major Failings <br />During 1992 WBR faced one of the most serious controversies in its history over the provocative recording "Cop Killer" from the self-titled album by Body Count, a heavy metal/rap fusion band led by Ice-T. The confluence of events put the song under the national spotlight. Complaints escalated over the summer—conservative police associations called for a boycott of Time Warner products, politicians including President George W. Bush denounced the label for releasing the song, Warner executives received death threats, Time Warner stockholders threatened to pull out of the company and the New Zealand police commissioner unsuccessfully tried to have the record banned there. Although Ice-T later voluntarily reissued Body Count without "Cop Killer", the furore seriously rattled Warner Music and in January 1993 WBR made an undisclosed deal releasing Ice-T from his contract and returning the Body Count master tapes to him. In the wake of the "Cop Killer" affair, Warner Bros. distanced itself from gangsta rap.<br />During 1994-95 Warner Bros' successes and problems with its artists were overshadowed by a protracted period of highly publicized internecine strife, centering on Warner Music Group chairman Robert J. Morgado and his successor Micheal J. Fuchs. In September 1993 Ostin began negotiations to renew his contract and it was at this point that Morgado unveiled his plan for major a corporate shakeup of the Warner group. This triggered a series of damaging corporate conflicts and in particular created a fatal rift between Morgado and Ostin. The first major casualty was Elektra chairman Bob Krasnow, who resigned abruptly in July 1994.<br />In mid 1995 The upheaval at Warner was beneficial to its rivals, who picked up valuable executives who had left Warner. Goldberg moved over to Mercury Records Morris joined MCA Music Entertainment Group and led its reorganization into Universal Music Group, now the world's largest record company. In November 1995, Fuchs was himself sacked by Gerald Levin, leaving the company with a reported US$60 million "golden parachute", and Time Warner co-chairmen Robert A. Daly and Terry S. Semel took over the running of the music division.<br />
  9. 9. Failings Of WMG<br />By the early 2000s, however, the effects of the dot-com crash had eroded AOL's profits and stock value, and in 2003 the Time Warner board sidelined its under-performing partner by dropping AOL from its business name.<br />In 2000, Time Warner merged with leading American internet service provider AOL to create AOL Time Warner. The new conglomerate again tried (and failed) to acquire EMI, and subsequent discussions about the takeover of BMG stalled, with Bertelsmann eventually offloading BMG into a joint venture with Sony. <br />On May 3, 2006, WMG apparently rejected a buyout offer from EMI. Then WMG offered to buy EMI and it also rejected the offer. In August 2007, EMI was purchased by Terra Firma Capital Partners. Talk of a possible WMG acquisition of EMI was fanned once again in 2009 after WMG executed a bond offering for $1.1 billion, which brought to light WMG's relatively strong financial position, which was contrasted with the weakened and debt-laden state of EMI. The same year WMG acquired Rykodisc and Roadrunner Records.<br />In December 2008, negotiations between the two companies broke down, and as a result, clips on YouTube featuring WMG music recordings have had their audio removed or blocked completely and replaced with a message indicating copyright infringement.<br />
  10. 10. Future Plans<br />The consolidation of select business divisions of the Elektra Entertainment Group and The Atlantic Group labels, including the Legal and Business Affairs, Finance and Label Sales units. In addition, Lyor Cohen, Chairman and CEO of U.S. Recorded Music at WMG, will serve as interim Chairman of both labels until a final management structure is announced in the near future. An approximately 20% reduction in the Company's global workforce, much of which is anticipated to take place within the first month. <br />Warner Music Group also announced the initial structure of its senior management team. Reporting directly to Edgar Bronfman, Jr., Chairman and CEO of Warner Music Group, will be Lyor Cohen; Paul-Rene Albertini, formerly President of Warner Music International (WMI), who will now run the Company as its Chairman and CEO, with responsibility for all of Warner Music's international companies and affiliates in Europe, Latin America, Asia Pacific and Canada; and Leslie Bider, who will serve as Chairman and CEO of Warner/Chappell Music, one of the world's pre-eminent international music publishing companies. Also reporting to Mr. Bronfman will be all corporate staff, including Helen Murphy, Chief Financial Officer of WMG; Dave Johnson, Executive Vice President and General Counsel for the Company; and Will Tanous, WMG's new Head of Corporate Communications. <br />Atlantic Records founder AhmetErtegun will remain with WMG, while Sylvia Rhone, Chairman and CEO of Elektra Entertainment Group; Val Azzoli, Co-Chairman and Co-CEO of The Atlantic Group; and Ron Shapiro, Co-President of Atlantic Records, will be leaving the Company. <br />Reporting directly to Lyor Cohen will be Tom Whalley, Chairman and CEO of Warner Bros. Records; Scott Pascucci, President, Warner Strategic Marketing; and John Esposito, President, WEA Corp. Bronfman continued: "I look forward to working closely with the talented, dedicated and professional group of employees and artists at Warner Music Group as we work together to create the world's most dynamic independent music company<br />